Math, asked by sangpuia, 1 year ago

A person invest rs. 5600 at 8% per annum for 2 years compounded annually. The interest for first year is?

Answers

Answered by Monu631

1

Here,
The interest for first year will be equal to simple interest on that amount in 1 year.
i.e. SI = 5600×8×1/100 = Rs 448.

Hope it will help....

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